KT Co. Rating Lowered to Neutral at Zacks (KT)
KT Co. (NYSE:KT) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Tuesday. They currently have a $16.40 price objective on the stock. Zacks‘s price target points to a potential upside of 6.49% from the company’s current price.
KT Co. (NYSE:KT) traded down 1.82% on Tuesday, hitting $15.12. 188,867 shares of the company’s stock traded hands. KT Co. has a one year low of $13.10 and a one year high of $17.37. The stock’s 50-day moving average is $15.02 and its 200-day moving average is $14.60. The company’s market cap is $7.373 billion.
Several other analysts have also recently commented on the stock. Analysts at Macquarie upgraded shares of KT Co. from a “neutral” rating to an “outperform” rating in a research note on Friday, May 16th. Separately, analysts at TheStreet downgraded shares of KT Co. from a “hold” rating to a “sell” rating in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $17.03.
KT Corporation is a Korea-based company engaged in the provision of integrated telecommunications services.
To view Zacks’ full report, visit Zacks’ official website.
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